![\"approved](\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png\")
<\/figure><\/div>\n\n\n\nMIDA said China (RM18.1 billion), Singapore (RM10.0 billion) and the Netherlands (RM7.0 billion) were the top three FDI sources from overall economic sectors in Malaysia, accounting for more than half (54.8 per cent) of the total approved FDI for the year.<\/p>\n\n\n\n
It said Selangor (RM38.7 billion) recorded the highest investments approved last year, followed by Sabah (RM21.0 billion), Sarawak (RM19.6 billion), Kuala Lumpur (RM17.1 billion), and Penang (RM16.0 billion). <\/p>\n\n\n\n
\u201cThese five states alone contributed more than 60 per cent of the total approved investments for 2020,\u201d it said.<\/p>\n\n\n\n
On the manufacturing sector, MIDA said the sector saw the number of manufacturing projects approved increased by 6.2 per cent to 1,049 projects in 2020 from 988 projects in 2019.<\/p>\n\n\n\n
\u201cWhen implemented, these approved manufacturing projects will create new jobs for more than 80,000 people.<\/p>\n\n\n\n
\u201cOf these, 35.8 per cent are in the managerial, technical and supervisory (MTS) positions, including engineers, plant maintenance supervisors, tools and die makers, machinists, IT (information technology) personnel, quality controllers, electricians, and welders,\u201d it said.<\/p>\n\n\n\n
MIDA said the FDI accounted for 62 per cent (RM56.6 billion) of total approved investments in the manufacturing sector, while domestic investments constituted the remaining 38 per cent (RM34.7 billion).<\/p>\n\n\n\n
\u201cIt is important to note that despite the challenging times, the DDI surged by 22.6 per cent, while the FDI increased by 3.9 per cent compared to 2019,\u201d it said, adding that China was the top investor in the manufacturing sector in Malaysia, contributing RM17.8 billion of the total foreign investments approved in the sector.<\/p>\n\n\n\n
\u201cChina was also the largest source of foreign investments in the manufacturing sector for five consecutive years,\u201d it said.<\/p>\n\n\n\n
MIDA said other major sources of the FDI include Singapore (RM8.8 billion), the Netherlands (RM6.5 billion), the United States (RM3.7 billion), Hong Kong (RM2.9 billion), Switzerland (RM2.8 billion), Thailand (RM1.9 billion), Japan (RM1.7 billion), and South Korea (RM1.4 billion).<\/p>\n\n\n\n
Selangor (RM18.4 billion) was the largest recipient of investments in the manufacturing sector for 2020, followed by Sarawak (RM15.7 billion), Penang (RM14.1 billion), Sabah (RM12.0 billion), and Johor (RM6.8 billion).<\/p>\n\n\n\n
These five states constituted 73.4 per cent of total approved investments in the sector last year, it said.<\/p>\n\n\n\n
Commenting on the achievement, Mohamed Azmin said new project investments, accounting for 66.9 per cent of the total manufacturing projects approved, were secured in 2020 amid the challenges posed by the COVID-19 pandemic.<\/p>\n\n\n\n
\u201cThis is a testament to the Ministry of International Trade and Industry (MITI) and MIDA\u2019s efforts to ensure business continuity and investors\u2019 friendly policies are in place to enable investors to have the confidence to establish new operations in the country,\u201d he said.<\/p>\n\n\n\n
The minister said his team had also tenaciously worked to ensure projects approved were implemented smoothly. <\/p>\n\n\n\n
\u201cThis can be seen through the commendable rate of implementation in approved projects. For the period 2016-2020, a total of 4,178 projects were approved, of which 70.0 per cent with investments worth RM197.2 billion have been implemented in the country,\u201d he added.<\/p>\n\n\n\n
— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" KUALA LUMPUR, March 2\u00a0— Malaysia recorded a total of RM164 billion in approved investments through…<\/p>\n","protected":false},"author":1,"featured_media":8454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-8453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04-150x150.png",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04-300x165.png",300,165,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/03\/Screen-Shot-2021-03-02-at-13.47.04.png",581,319,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/8453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8453"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/8453\/revisions"}],"predecessor-version":[{"id":8455,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/8453\/revisions\/8455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/8454"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}